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ERG Property Advisors Finances First Mortgage in Jackson Heights, Queens, NY

NEW YORK — March 25, 2014 — ERG Property Advisors is pleased to announce the funding of a first mortgage on a 4 story, 15,750 SF community facility building in Jackson Heights, Queens NY.  
 
The building, which is wholly occupied on three floors by a daycare/pre-school, is to be used for critically needed technology and infrastructure upgrades for the building.  
 
“This loan will help bring new classrooms, computers and much needed infrastructure repair to a major neighborhood community facility” says Andrew Walsh, who arranged the financing on this deal.
 
The total mortgage amount was $2,500,000. Andrew Walsh, ERG Property Advisors, exclusively represented the originator in this transaction.
 
For more information about this transaction, please contact Andrew Walsh at 646.253.0967 or awalsh@ergpa.com.

About ERG Property Advisors
 
ERG Property Advisors is a full service commercial real estate loan advisory firm and direct capital service provider based in New York City. Our core services are the arrangement of debt on investment real estate in the form of 1st and 2nd mortgages, mezzanine loans, as well as specializing in direct capital services through strategic  through the arrangement and participation of equity or joint venture deals. Visit www.ergpa.com for recent deals and press coverage. 



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